Mon Nov 25 22:17:13 UTC 2024: **AT&T Stock Rises Slightly Amidst Mixed Analyst Ratings and Strong Q3 Earnings Beat**

**Sioux Falls, SD – November 6, 2024** – AT&T (NYSE: T) shares saw a modest 1.1% increase on Monday, closing at $22.93 after reaching a high of $23.20. Trading volume, however, was significantly lower than average, at 7,894,861 shares compared to an average of 35,390,961.

The price movement comes amidst a backdrop of mixed analyst sentiment. While several firms adjusted their price targets, ratings varied widely. Wells Fargo lowered its target to $24, Evercore ISI raised theirs to $21, and TD Cowen increased theirs to $23. Conversely, Redburn Atlantic issued a strong sell rating. The overall analyst consensus remains a “Moderate Buy” with a $23.40 price target, according to MarketBeat.com.

AT&T’s recent third-quarter earnings report may have influenced the stock price. The company exceeded analyst expectations, reporting earnings per share (EPS) of $0.60 compared to the projected $0.57, although revenue slightly missed forecasts at $30.20 billion versus the expected $30.50 billion. The company also announced a quarterly dividend of $0.2775 per share.

Several institutional investors have recently adjusted their holdings in AT&T, with some increasing their positions while others remain relatively unchanged. The company’s financial metrics show a market cap of $165.03 billion, a P/E ratio of 18.64, and a debt-to-equity ratio of 1.09.

Despite the positive earnings surprise and slight stock increase, MarketBeat notes that AT&T was not among the top five stocks recommended by top-rated analysts.

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